Germany February wholesale price index +0.3% vs -0.7% m/m prior
Latest data released by Destatis - 15 March 2019
- Prior -0.7%
- Wholesale price index +1.6% y/y
- Prior +1.1%
Slight delay in the release by the source. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and retail pattern. The goods news is that domestic demand is still holding up in the German economy and this continues to feed into the overall recent uptick in Eurozone economic data.
EUR/USD holds steady at 1.1318 currently, a tad higher on the day. EUR/GBP sits a little higher as well at 0.8545 at the moment.